Marathon Petroleum (MPC) Target Price Adjusted by Wells Fargo | MPC Stock News

Apr 11, 2025

Wells Fargo has revised its target price for Marathon Petroleum (MPC, Financial), reducing it from $185 to $175. Despite this adjustment, the firm continues to rate the stock as Overweight.

The decision to alter the price target comes alongside a modification of the earnings forecast for the first quarter. Wells Fargo has adjusted its earnings per share (EPS) estimate from an expected profit of 40 cents per share to a projected loss of 68 cents per share. This revision is largely due to changes in the firm's assumptions regarding refining margins.

The updated financial model from Wells Fargo also incorporates Marathon Petroleum's new Renewables segment, reflecting the company's strategic initiatives in the evolving energy market.

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I/We may personally own shares in some of the companies mentioned above. However, those positions are not material to either the company or to my/our portfolios.

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